Original article by Peter Ker, Elouise Fowler
The Australian Financial Review – Page: 17 : 9-Oct-24

Shares in Arcadium Lithium have rallied in the wake of Rio Tinto’s takeover approach, and the company’s market capitalisation has risen to $6.5bn. However, some analysts regard the timing of the bid to be opportunistic, given that Arcadium’s market cap was $10.6bn in May, prior to a sharp fall in the lithium price. Arcadium has two lithium projects in Argentina, and investors are generally supportive of Rio Tinto’s bid, noting that the pro-business stance of the South American country’s new government will help to offset any sovereign risk.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ARCADIUM LITHIUM PLC – ASX LTM